Driven; one word that properly describes Moafaq Al Gaddah, Chairman and Founder of the MAG Group, who has risen from humble beginnings in Syria to lead a multi-billion dollar, all-industry business empire that spans the globe.
It’s Moafaq’s unrelenting drive and ambition that has led him to head an organisation of more than 50 companies employing over 2,000 people around the world. His extensive business interests cover the sectors of manufacturing, auto parts, real estate, education, contracting, hospitality, pharmaceuticals, health care, the marine industry and logistics. Proud of what he has been able to accomplish in less than 40 years, Moafaq attributes his success to hard work, perseverance and vision. It is also a result of his incredibly high ethical standards that is fully integrated into group and its stakeholders. Throughout its expansion and movement into new industry sectors, MAG Group has developed a reputation for integrity, transparency and financial probity in all its operations.
Over the years, these accomplishments have led to industry recognition in the form of accolades and awards. In 2006, he was named ‘Entrepreneur of the Year’ at the Arabian Business Achievement Awards. He was appointed as the first Ambassador of the Arab Family in 2007 and in the same year was listed in the Top 50 wealthiest Arabs. In 2012, he was ranked 16th in the list of ‘World’s Most Influential Arabs’ and was entered onto the World Finance 100 List. Under Moafaq’s stewardship, MAG Group became a Member of the World Economic Forum 2014 (GGC Membership) – an honour that acknowledged the highest level of management in his company. Moafaq is a Member of the Board Syrian Business Council in the UAE and a Member of the World Economic Forum (Davos) for 2014.